If you buy something through our links, we may earn money from our affiliate partners. Learn more. In recent years the practice of marketing and advertising has gone through different types of platforms. In the digital age, digital means of marketing and advertising are practiced with different technologies and platforms. Live streaming is one of
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The  International Public Sector Accounting Standards Board issued a consultation paper on natural resources on Monday to consider various issues relating to recognition, measurement and presentation of natural resources by public sector entities. The move comes amid growing interest in the accounting profession in environmental, social and governance reporting. While much of it is in
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Congress is hammering out the details of legislation designed to make the U.S. more competitive with China. Any package to incentivize further R&D should begin by ending the current tax penalty against it.   While the House and Senate-passed versions of the competitiveness legislation differ, they would support American semiconductor manufacturing, increase public funding for
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People everywhere want some measure of assurance — something they can trust. Confidence in the quality of information is necessary for a complex society to function, and markets operate most efficiently when there’s reliable, quality information stakeholders can use to make decisions. And accountants — specifically Certified Public Accountants (CPAs) — play a key role
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The Financial Accounting Standards Board voted to add a project to its technical agenda to improve the accounting for and disclosure of certain digital assets, such as cryptocurrency. During an online meeting Wednesday, FASB’s staff informed the members of the board that they had received hundreds of requests from stakeholders for guidance on accounting for
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The Internal Revenue Service is coming under criticism from Congress and the American Institute of CPAs for destroying an estimated 30 million paper-filed information returns to cope with its backlog last year, with one lawmaker even calling for the IRS commissioner to be replaced immediately. Last week, the Treasury Inspector General for Tax Administration released
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If you remember “The Spirit of Accounting,” perhaps you’re as surprised as I am to see it published again. If you don’t recall, this column appeared in almost every Accounting Today issue from 1996 to 2016, consistently challenging leaders and practitioners to improve our collective contributions to our society and economy.  Even more stunning to
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Victims of wildfires and straight-line winds that began in New Mexico on April 5 now have until late summer to file various federal individual and business returns and make tax payments. Following the recent disaster declaration issued by the Federal Emergency Management Agency, the IRS has given relief to affected individuals and households who reside
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Employees at accounting firms and other types of businesses are continuing to work remotely, or at least coming into the office less, as the COVID-19 pandemic continues. A report released Tuesday by payroll and HR technology provider Gusto found that since 2021, the number of fully remote workers has increased 240%. The trend has been
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